Futures Trading Charts, February 16, 2011

Low volume on the Mini SP 500 today.

That should change tomorrow with a variety of economic reports due.

Daily chart of Mini Russell 2000 for your review below:

S&P500 daily trading levels Tuesday February 16 Continue reading “Futures Trading Charts, February 16, 2011”

Futures Trading Levels and Weekly Newsletter February 3, 2011

Next two days are full of economic numbers, plus lets not forget Egypt and Middle East….

I expect higher volatility than we witnessed today but then again, sometimes the market does what it wants, including the un- expected…..

Good quick article at:


https://www.cannontrading.com/community/newsletter/ Continue reading “Futures Trading Levels and Weekly Newsletter February 3, 2011”

Futures Trading Levels and Economic Report for February 1, 2011

A new month starting and below you will see my WEEKLY chart for the mini SP. I have sell set up in this market as well and if the short side pick speed, I would look for around 1230 and 1186 within the next few weeks. If i am wrong and the market breaks above 1300, I would play defense and wait for the next set up.

I wish you all a great trading month in February.

SP-500-Day-Trading-2011-02-01 Continue reading “Futures Trading Levels and Economic Report for February 1, 2011”

Futures Trading Levels and Weekly Newsletter, January 20, 2011

Great articles about trading psychology on our weekly newsletter at:
*****************************************************************

https://www.cannontrading.com/community/newsletter/

*****************************************************************

I think every trader should read these articles and the new ones to folow next week. Continue reading “Futures Trading Levels and Weekly Newsletter, January 20, 2011”

Futures Trading Levels and Economic Reports for January 14, 2010

Stock futures indices are “boring”..slow movement, lack of “fear” and just gradual, slow move up.

On the other hand we have markets like Euro, Crude, grains etc. that have large intraday ranges, volatility and speed. Factors i think day-traders are looking for.

With that being said, we do have a day full of reports tomorrow ahead of long MLK weekend, so we’ll see if this wakes up stock indices a bit. Continue reading “Futures Trading Levels and Economic Reports for January 14, 2010”

Futures Trading Levels and Weekly Newsletter for January 13, 2011

Our Weekly Futures Trading Newsletter is Ready for Your Review at:
*********************************************************************
https://www.cannontrading.com/community/newsletter/
********************************************************************* Continue reading “Futures Trading Levels and Weekly Newsletter for January 13, 2011”

Futures Trading Levels and Economic Reports for January 12, 2011

Market is still locked in a range….so far in 2011, the March SP500 been trading between 1255 and 1277….My feeling is that by Thursday we should break out one way or the other as the market awaits some economic reports and earnings are being released.

In between, you are welcome to check out our “Live Charts” service which I run daily.

Subscribers get a daily invitation to view my charts ( sample from todays session below). I share my charts, notes, set ups, trade philosophy and more for the mini SP, crude oil and Euro currency markets. For 2 week free trial (no repeat trials), please visit:

https://www.cannontrading.com/tools/intraday-futures-trading-signals

SP-500-Day-Trading-2011-01-12

There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products.
Past performance is not indicative of future results. Continue reading “Futures Trading Levels and Economic Reports for January 12, 2011”

Futures Trading Levels and Economic Reports for January 11, 2010

Interesting DATE tomorrow…1-11-11

Other than that I don’t have much to share, market is still waiting for either another leg up or correction to the downside.

I am looking at 1255 to 1273 as the band and think that an hourly close above or below can trigger the next move.

Plan your trade, trade your plan!

Mini SP hourly chart for your review below:

SP-500-Day-Trading-2011-01-10

Continue reading “Futures Trading Levels and Economic Reports for January 11, 2010”

Futures Trading Levels and Tips for January 10, 2011

Trading is SO MUCH MENTAL once you have a concept you believe in, have confidence in. After that there is a lot of psychological work….

Some examples:

  1. Ability to take losses and know not every trade will be a winner and not every day will be a winning day

  2. Ability to stay patient and NOT feel that if you are NOT trading, you are NOT doing your job….

  3. The confidence to stay in winning trades and the discipline to get out of losing trades

  4. Allowing trades some time to work

  5. Not getting down on yourself for “could have should have etc”

  6. Being a hard worker and keeping a journal after certain trading days. Being  a hard worker in putting time and effort learning new approaches, set ups before deciding if its worthy or not. I WILL SAVE THIS LITTLE LIST AND ADD TO IT AS DAYS PROGRESS. Continue reading “Futures Trading Levels and Tips for January 10, 2011”